Castle Peak Closes Private Placement

Castle Peak Mining Ltd.(TSXV:CAP) announced the closing of the final tranche of a $3million private placement. The closing of the final tranche consisted of of the sale of 6,530,000 units to Grizal Enterprises Ltd.

As quoted in the press release:

Castle Peak also issued non-transferable broker warrants with an exercise price of $0.25 per share exercisable for a period of 12 months from the date of closing to acquire such number of common shares as is equal to 7% of the aggregate number of Units issued under the Offering to the Agent and its permitted assigns, with 457,100 broker warrants issued in connection with the closing of the Final Tranche.

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